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Derivatives and Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring and nonrecurring basis were as follows:
 
September 30, 2018
In millions
Level 1
Level 2
Level 3
Total
Recurring fair value measurements
 
 
 
 
Foreign currency contract liabilities
$
—

$
(45.5
)
$
—

$
(45.5
)
Deferred compensation plan assets
24.3

3.2

—

27.5

Total recurring fair value measurements
$
24.3

$
(42.3
)
$
—

$
(18.0
)
 
December 31, 2017
In millions
Level 1
Level 2
Level 3
Total
Recurring fair value measurements
 
 
 
 
Foreign currency contract assets
$
—

$
0.6

$
—

$
0.6

Foreign currency contract liabilities
—

(47.2
)
—

(47.2
)
Deferred compensation plan assets
18.7

4.5

—

23.2

Total recurring fair value measurements
$
18.7

$
(42.1
)
$
—

$
(23.4
)
Nonrecurring fair value measurements (1)
 
 
 
 

(1) 
During the fourth quarter of 2017, we completed our annual intangible assets impairment review. As a result, we recorded a pre-tax non-cash impairment charge of $8.8 million for a trade name intangible in 2017. The impairment charge reduced the carrying value of the impacted trade name intangible to $10.8 million. The fair value of trade names is measured using the relief-from-royalty method. This method assumes the trade name has value to the extent that the owner is relieved of the obligation to pay royalties for the benefits received from them. This method requires us to estimate the future revenue for the related brands, the appropriate royalty rate and the weighted average cost of capital.
Recorded Amounts and Estimated Fair Values of Long-term Debt and Derivative Financial Instruments
The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, were as follows:
 
September 30,
2018
 
December 31,
2017
In millions
Recorded
Amount
Fair
Value
 
Recorded
Amount
Fair
Value
Variable rate debt
$
108.5

$
108.5

 
$
62.4

$
62.4

Fixed rate debt
695.8

698.7

 
1,385.1

1,424.0

Total debt
$
804.3

$
807.2

 
$
1,447.5

$
1,486.4